Specific identification is the best inventory costing method because it is least open to manipulation by unscrupulous managers.

Name: Specific identification is the best inventory costing method because it is least open to manipulation by unscrupulous managers.
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Question

Quizplus · Accepted Answer

Specific identification can be manipulated by choosing which specific items to sell in order to influence reported profit, as it allows for the selection of higher or lower cost items to adjust cost of goods sold and inventory values.

Specific Identification Is the Best Inventory Costing Method Because It